Bitcoin Short Term Setup – One More Push Before Fall?

As I expected in yesterday’s idea, Bitcoin() dropped down into the lower ranges of the Heavy Support zone($111,980-$105,820).

Today, I want to share a quick 15-minute timeframe analysis with you.

Currently, Bitcoin is moving near that Support zone($107,580-$106,700), but it hasn’t managed to break the lower line of the ascending broadening wedge pattern with strong momentum.

So I expect Bitcoin might at least make another move up to the Resistance zone($110,430-$109,380). If BTC finds a Short Trigger near the Resistance zone and Cumulative Short Liquidation Leverage($111,687-$110,198), it could drop sharply afterward, potentially breaking the Heavy Support zone eventually.

Cumulative Long Liquidation Leverage: $106,090-$104,234

Stop Loss(SL): $104,077

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Bitcoin Analysis (BTCUSDT), 15-minute time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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액티브 트레이드

Trade was activated in Support zone($107,580-$106,700)

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